Macao: Rebounding growth

December 19 2017

​A cyclical upturn

The economy is recovering after three years of contraction. Real GDP decreased by -24% between 2013 and 2016 with a collapse of tourism receipts and the decline of the gaming activity which account for nearly 62% of total output. In 2017, the outlook improved on the back of rising external demand especially from China. GDP growth is estimated at +8.0%.